
DisclaimerBy implementing this program, the Law School makes no guarantees that every eligible applicant will be funded in a given year. The Law School reserves the right to terminate or modify the Program or any of its provisions at any time. Recipients receive assistance in the form of a loan that is forgiven at the end of the one-year period in which the loan is made (unless there is a change in employment). IRS Code Section 108(f) appears to exempt recipients working for a governmental unit or a non-profit 501(c)(3) organization that are working to meet community needs from having to declare the forgiven amount as a part of taxable income. Check with your tax advisor, specifically under Section 108(f) of the Internal Revenue Code for details. The Law School will not be withholding any part of your disbursements for taxes, so please plan ahead.
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Loan Repayment Assistance Program (LRAP) |